I was wondering if I am in this situation again, can I pay cash (I have the liquidity) and then refinance after closing?

There are cases where certain portions of the NNN Expenses are capped at increasing more than a certain amount over the previous year which is another thing to take note of when purchasing an existing asset because if the NNN's are capped then the owner runs the risk of absorbing a portion of the Operating Expenses which ultimately kills cash flow. 5.

Which will require a lawsuit and then the court to make the decision. 

One last question: Would it be wiser for me to pursue funding options personally and then fund my LLC, or would it be better to seek funding options via the LLC? 

I’ve “heard” you could live there for a year and then go some where else however you can’t pull out another FHA loan with the exception of moving somewhere to work or having an increase in family size.Any advice on what a good way to start is with no real capital to your name (to BRRRR) and no credibility to raise money?

Then renting them to Section 8 Tenants.   

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

I'm heading back in two weeks to finish setting up the remodeled unit so if anyone else is on island would be happy to chat then.

In regards to raising rents and keeping them, the max for raising rents is 10% unless particular town has rent control then you must follow those guide lines.

For all that work, it seems even less likely to be able to compare bids from different lenders ... if you can find two lenders that you can get competing bids from (on the same loan product), then you've hit the jackpot as far as I'm concerned.